Answered: 5. Public debt is the borrowing taken…

5. Public debt is the borrowing taken by when government revenue is less than spending. a. the general public - consumers b. government entities c. Investment banking firms d. the IMF and World Bank

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Savings,investment And The Financial System

Section: Chapter Questions

Problem 6QR

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5. Public debt is the borrowing taken by
when government revenue is less than spending.
a. the general public - consumers
b. government entities
c. Investment banking firms
d. the IMF and World Bank

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